Global Solar Water Heaters Market Report 2024

Solar Water Heaters Global Market Report 2024 – By System (Thermosiphon, Pumped), By Collector (Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector), By Capacity (100 L, 150 Liter, 200 Liter, Other Capacity), By Application (Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2024-2033

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Solar Water Heaters Market Definition And Segments

Solar water heaters are systems that utilize solar energy to heat water for domestic, commercial, and industrial use. They typically consist of solar thermal collectors and a storage tank, efficiently converting sunlight into heat to provide hot water. These systems reduce the reliance on traditional energy sources, lowering energy costs and decreasing greenhouse gas emissions.

The main solar water heater systems are thermosiphon and pumped. A thermosiphon solar water heating system operates on the principle of natural convection, where cold water in the collector absorbs solar heat, becomes lighter, and naturally rises into the storage tank located above the collector. They use various collectors, such as an evacuated tube collector, a flat plate collector, and an unglazed water collector. They are available in different capacities, such as 100 liters, 150 liters, 200 liters, and others. They are used for various applications, such as residential, commercial, and industrial.

The solar water heaters market covered in this report is segmented –

1) By System: Thermosiphon, Pumped

2) By Collector: Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector

3) By Capacity: 100 L, 150 Liter, 200 Liter, Other Capacity

4) By Application: Residential, Commercial, Industrial

The solar water heaters market size has grown steadily in recent years. It will grow from $4.26 billion in 2023 to $4.63 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to rising energy prices and volatility in fossil fuel markets, increasing focus on energy independence and security, growing consumer preference for sustainable and eco-friendly solutions.

The solar water heaters market size is expected to see strong growth in the next few years. It will grow to $6.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rising demand for off-grid and decentralized energy solutions, increasing adoption of hybrid solar water heating systems, continuation of government incentives and policies favoring renewable energy. Major trends in the forecast period include adoption of predictive analytics and artificial intelligence for system optimization, emergence of new business models focused on energy-as-a-service and performance contracting, development of standards and certifications to ensure product quality and safety, collaborative partnerships between manufacturers and utilities to promote solar water heating.

Solar Water Heaters Gain Momentum Amidst Soaring Energy Costs

The increasing energy prices are expected to propel the growth of the solar water heater market going forward. Energy refers to the fundamental entity of nature that is transferred between parts of a system in the production of usable power, such as heat or electricity. The prices are rising due to increased demand, supply constraints, geopolitical tensions, and the transition to renewable energy sources. Solar water heaters play a vital role in mitigating the impact of increasing energy prices by providing a cost-effective and sustainable alternative for water heating. For instance, in May 2023, according to reports published by the U.S. Energy Information Administration (EIA), a US-based statistical and analytical agency, the price of fossil fuels, including natural gas, coal, and petroleum, supplied to U.S. power plants rose by 34% from $3.82 per million British thermal units (MMBtu) in 2021 to $5.13 per (MMBtu) in 2022. Therefore, increasing energy prices are driving the growth of the solar water heater market.

Major companies operating in the solar water heaters market are Robert Bosch GmbH, Hubbell Incorporated, Viessmann Manufacturing, Ariston Group, Rheem Manufacturing Company, Stiebel Eltron Inc., Tata Power Solar Systems Limited, V-Guard Industries Ltd., Bradford White Corporation, Himin Solar Energy Group, Photon Energy Systems Ltd., A. O. Smith, Central Electronics Limited, Alternate Energy Technologies LLC, Kodsan Isi Teknolojileri, SunEarth Inc., Apricus Solar Co. Ltd., Jupiter Solar Power Limited, SunTank, Solav Energy, Ferroli S.p.A., FAFCO Inc., Wagner & Co Solartechnik GmbH, Chemtrols Solar Pvt. Ltd., Nihon Itomic Co. Ltd.

Panasonic's Eco Cute Paves The Way For Sustainable Living Through Solar Water Heating

Major companies operating in the solar water heater market are increasing their focus on developing new products, such as Eco Cute, to elevate their financial performance in the market. This system, which encompasses an air-source heat pump system and a hot water storage unit, seamlessly integrates with residential solar panels to harness excess solar energy for water heating. For instance, in March 2022, Panasonic Corporation, a Japan-based electronic company, launched Eco Cute. The eco cute system captures heat from the air to create hot water for residential use. It offers energy-efficient water heating and supply by utilizing supercritical carbon dioxide as a refrigerant instead of conventional gases like ammonia or haloalkanes. The system is known for its environmental benefits, including energy conservation and reduced greenhouse gas emissions. It includes a heat pump and hot water storage unit that helps maintain bathwater temperatures at a constant level, saving energy and reducing water usage.

Ariston Holding N.V. Boosts Solar Water Heater Offerings With Chromagen Acquisition

In January 2022, Ariston Holding N.V., an Italy-based company that provides heating systems and related products, acquired Chromagen Ltd. for $35.84 million. Through this acquisition, Ariston strengthens its competitive position by leveraging Chromagen's expertise and market presence, marking a notable progression in advancing sustainable solutions in the solar water heater market. Chromagen Ltd. is an Israel-based company that specializes in water heating, energy savings, and clean energy, including solar water heaters for various applications.

North America was the largest region in the solar water heaters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solar water heaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the solar water heaters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The solar water heater market consists of sales of products such as solar collectors, storage tanks, circulation systems, controllers, and backup heating systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The solar water heaters market research report is one of a series of new reports from The Business Research Company that provides solar water heaters market statistics, including solar water heaters industry global market size, regional shares, competitors with a solar water heaters market share, detailed solar water heaters market segments, market trends and opportunities, and any further data you may need to thrive in the solar water heaters industry. This solar water heater market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Solar Water Heaters Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $4.63 billion
Revenue Forecast In 2033 $6.18 billion
Growth Rate CAGR of 7.4% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By System: Thermosiphon, Pumped
2) By Collector: Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector
3) By Capacity: 100 L, 1
5)0 Liter, 200 Liter, Other Capacity
4) By Application: Residential, Commercial, Industrial
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Robert Bosch GmbH; Hubbell Incorporated; Viessmann Manufacturing; Ariston Group; Rheem Manufacturing Company; Stiebel Eltron Inc.; Tata Power Solar Systems Limited; V-Guard Industries Ltd.; Bradford White Corporation; Himin Solar Energy Group; Photon Energy Systems Ltd.; A. O. Smith; Central Electronics Limited; Alternate Energy Technologies LLC; Kodsan Isi Teknolojileri; SunEarth Inc.; Apricus Solar Co. Ltd.; Jupiter Solar Power Limited; SunTank; Solav Energy; Ferroli S.p.A.; FAFCO Inc.; Wagner & Co Solartechnik GmbH; Chemtrols Solar Pvt. Ltd.; Nihon Itomic Co. Ltd.
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Solar Water Heaters Market Characteristics

    3. Solar Water Heaters Market Trends And Strategies

    4. Solar Water Heaters Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Solar Water Heaters Market Size and Growth

    5.1. Global Solar Water Heaters Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Solar Water Heaters Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Solar Water Heaters Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Solar Water Heaters Market Segmentation

    6.1. Global Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Thermosiphon

    Pumped

    6.2. Global Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Evacuated Tube Collector

    Flat Plate Collector

    Unglazed Water Collector

    6.3. Global Solar Water Heaters Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    100 L

    150 Liter

    200 Liter

    Other Capacity

    6.4. Global Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Residential

    Commercial

    Industrial

    7. Solar Water Heaters Market Regional And Country Analysis

    7.1. Global Solar Water Heaters Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Solar Water Heaters Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Solar Water Heaters Market

    8.1. Asia-Pacific Solar Water Heaters Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Solar Water Heaters Market

    9.1. China Solar Water Heaters Market Overview

    9.2. China Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Solar Water Heaters Market

    10.1. India Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Solar Water Heaters Market

    11.1. Japan Solar Water Heaters Market Overview

    11.2. Japan Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Solar Water Heaters Market

    12.1. Australia Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Solar Water Heaters Market

    13.1. Indonesia Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Solar Water Heaters Market

    14.1. South Korea Solar Water Heaters Market Overview

    14.2. South Korea Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Solar Water Heaters Market

    15.1. Western Europe Solar Water Heaters Market Overview

    15.2. Western Europe Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Solar Water Heaters Market

    16.1. UK Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Solar Water Heaters Market

    17.1. Germany Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Solar Water Heaters Market

    18.1. France Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Solar Water Heaters Market

    19.1. Italy Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Solar Water Heaters Market

    20.1. Spain Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Solar Water Heaters Market

    21.1. Eastern Europe Solar Water Heaters Market Overview

    21.2. Eastern Europe Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Solar Water Heaters Market

    22.1. Russia Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Solar Water Heaters Market

    23.1. North America Solar Water Heaters Market Overview

    23.2. North America Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Solar Water Heaters Market

    24.1. USA Solar Water Heaters Market Overview

    24.2. USA Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Solar Water Heaters Market

    25.1. Canada Solar Water Heaters Market Overview

    25.2. Canada Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Solar Water Heaters Market

    26.1. South America Solar Water Heaters Market Overview

    26.2. South America Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Solar Water Heaters Market

    27.1. Brazil Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Solar Water Heaters Market

    28.1. Middle East Solar Water Heaters Market Overview

    28.2. Middle East Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Solar Water Heaters Market

    29.1. Africa Solar Water Heaters Market Overview

    29.2. Africa Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Solar Water Heaters Market Competitive Landscape And Company Profiles

    30.1. Solar Water Heaters Market Competitive Landscape

    30.2. Solar Water Heaters Market Company Profiles

    30.2.1. Robert Bosch GmbH

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Hubbell Incorporated

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Viessmann Manufacturing

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Ariston Group

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Rheem Manufacturing Company

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Solar Water Heaters Market Other Major And Innovative Companies

    31.1. Stiebel Eltron Inc.

    31.2. Tata Power Solar Systems Limited

    31.3. V-Guard Industries Ltd.

    31.4. Bradford White Corporation

    31.5. Himin Solar Energy Group

    31.6. Photon Energy Systems Ltd.

    31.7. A. O. Smith

    31.8. Central Electronics Limited

    31.9. Alternate Energy Technologies LLC

    31.10. Kodsan Isi Teknolojileri

    31.11. SunEarth Inc.

    31.12. Apricus Solar Co. Ltd.

    31.13. Jupiter Solar Power Limited

    31.14. SunTank

    31.15. Solav Energy

    32. Global Solar Water Heaters Market Competitive Benchmarking

    33. Global Solar Water Heaters Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Solar Water Heaters Market

    35. Solar Water Heaters Market Future Outlook and Potential Analysis

    35.1 Solar Water Heaters Market In 2028 - Countries Offering Most New Opportunities

    35.2 Solar Water Heaters Market In 2028 - Segments Offering Most New Opportunities

    35.3 Solar Water Heaters Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Solar Water Heaters Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Solar Water Heaters Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Solar Water Heaters Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Robert Bosch GmbH Financial Performance
  • Table 76: Hubbell Incorporated Financial Performance
  • Table 77: Viessmann Manufacturing Financial Performance
  • Table 78: Ariston Group Financial Performance
  • Table 79: Rheem Manufacturing Company Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Solar Water Heaters Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Solar Water Heaters Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Solar Water Heaters Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Robert Bosch GmbH Financial Performance
  • Figure 76: Hubbell Incorporated Financial Performance
  • Figure 77: Viessmann Manufacturing Financial Performance
  • Figure 78: Ariston Group Financial Performance
  • Figure 79: Rheem Manufacturing Company Financial Performance
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Frequently Asked Questions

What is the definition of the solar water heaters market?

Solar water heaters are systems that utilize solar energy to heat water for domestic, commercial, and industrial use. They typically consist of solar thermal collectors and a storage tank, efficiently converting sunlight into heat to provide hot water. These systems reduce the reliance on traditional energy sources, lowering energy costs and decreasing greenhouse gas emissions. For further insights on the solar water heaters market, request a sample here

How will the solar water heaters market drivers and restraints affect the solar water heaters market dynamics? What forces will shape the solar water heaters industry going forward?

The solar water heaters market major growth driver - Solar Water Heaters Gain Momentum Amidst Soaring Energy Costs. For further insights on the solar water heaters market, request a sample here

What is the forecast market size or the forecast market value of the solar water heaters market?

The solar water heaters market size has grown steadily in recent years. It will grow from $4.26 billion in 2023 to $4.63 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to rising energy prices and volatility in fossil fuel markets, increasing focus on energy independence and security, growing consumer preference for sustainable and eco-friendly solutions. The solar water heaters market size is expected to see strong growth in the next few years. It will grow to $6.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rising demand for off-grid and decentralized energy solutions, increasing adoption of hybrid solar water heating systems, continuation of government incentives and policies favoring renewable energy. Major trends in the forecast period include adoption of predictive analytics and artificial intelligence for system optimization, emergence of new business models focused on energy-as-a-service and performance contracting, development of standards and certifications to ensure product quality and safety, collaborative partnerships between manufacturers and utilities to promote solar water heating. For further insights on the solar water heaters market, request a sample here

How is the solar water heaters market segmented?

The solar water heaters market is segmented
1) By System: Thermosiphon, Pumped
2) By Collector: Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector
3) By Capacity: 100 L, 150 Liter, 200 Liter, Other Capacity
4) By Application: Residential, Commercial, IndustrialFor further insights on the solar water heaters market, request a sample here

Which region has the largest share of the solar water heaters market? What are the other regions covered in the report?

North America was the largest region in the solar water heaters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solar water heaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the solar water heaters market, request a sample here.

Who are the major players in the solar water heaters market?

Major companies operating in the solar water heaters market are Robert Bosch GmbH, Hubbell Incorporated, Viessmann Manufacturing, Ariston Group, Rheem Manufacturing Company, Stiebel Eltron Inc., Tata Power Solar Systems Limited, V-Guard Industries Ltd., Bradford White Corporation, Himin Solar Energy Group, Photon Energy Systems Ltd., A. O. Smith, Central Electronics Limited, Alternate Energy Technologies LLC, Kodsan Isi Teknolojileri, SunEarth Inc., Apricus Solar Co. Ltd., Jupiter Solar Power Limited, SunTank, Solav Energy, Ferroli S.p.A., FAFCO Inc., Wagner & Co Solartechnik GmbH, Chemtrols Solar Pvt. Ltd., Nihon Itomic Co. Ltd. For further insights on the solar water heaters market, request a sample here.

What are the key trends in the solar water heaters market?

Major trend in the solar water heaters market - Panasonic's Eco Cute Paves The Way For Sustainable Living Through Solar Water Heating. For further insights on the solar water heaters market, request a sample here.

What are the major opportunities in the solar water heaters market? What are the strategies for the solar water heaters market?

For detailed insights on the major opportunities and strategies in the solar water heaters market, request a sample here.

How does the solar water heaters market relate to the overall economy and other similar markets?

For detailed insights on solar water heaters market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the solar water heaters industry?

For detailed insights on the mergers and acquisitions in the solar water heaters industry, request a sample here.

What are the key dynamics influencing the solar water heaters market growth? SWOT analysis of the solar water heaters market.

For detailed insights on the key dynamics influencing the solar water heaters market growth and SWOT analysis of the solar water heaters industry, request a sample here.